70% of all Phuket tourism businesses remain closed

PHUKET: Phuket Governor Narong Woonciew has revealed the nearly 70% all tourism businesses across Phuket remain closed due to the economic impact of COVID-19.

According to data collected by the Digital Economy Promotion Agency (DEPA), 30.4% of businesses in Phuket are now open as normal, he told a meeting at Phuket Provincial Hall on Tuesday held to discuss strategies to accelerate economic recovery and tourism to expedite aid to people affected by COVID 19.


Citing the data, Governor Narong explained that 66.8% of all tourism business are still “closed temporarily”, and 2.8% had closed permanently.

70% of all Phuket tourism businesses remain closed: Governor

Insanity

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Originally Posted by Backspin

Insanity

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Err ... no it’s the real world socal. The one that’s been passing you by since you came back with a new nick. It represents the reality of what people have been telling you for weeks now, exept you know better than the accumulated wisdom of those who actually live there,
Long term residents are fine, because they aren’t really interested in big bikes, jet ski rental and flabby hookers.

Personally I’m surprised it’s as low as 70%. All the staff have gone home, which is the Asian default position in any crisis.

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Originally Posted by Switch

Err ... no it’s the real world socal. The one that’s been passing you by since you came back with a new nick. It represents the reality of what people have been telling you for weeks now, exept you know better than the accumulated wisdom of those who actually live there,
Long term residents are fine, because they aren’t really interested in big bikes, jet ski rental and flabby hookers.

Personally I’m surprised it’s as low as 70%. All the staff have gone home, which is the Asian default position in any crisis.

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Go fuck yourself you Malthusian freak.

This clown really believes that Covid is some Pegan intervention that is in the process of curing everything wrong with the modern world.

Yes ! Ppl are going to starve. Tourism is going get killed off so that the forests can take over again. Yay !

And no. Covid is not going to cure anything about the modern world. It's just going to make everything worse.

As long as 99% of tuk tuk drivers are getting fucked up the arse more than backspin on a drunken night out, that's acceptable.

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Originally Posted by harrybarracuda

As long as 99% of tuk tuk drivers are getting fucked up the arse more than backspin on a drunken night out, that's acceptable.

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What is the big urban myth about the tuk tuk drivers of Phuket anyway ?

It's almost as big as the King Power duty free tale at the airport. Or Pattaya beach

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Originally Posted by Backspin

Go fuck yourself you Malthusian freak.

This clown really believes that Covid is some Pegan intervention that is in the process of curing everything wrong with the modern world.

Yes ! Ppl are going to starve. Tourism is going get killed off so that the forests can take over again. Yay !

And no. Covid is not going to cure anything about the modern world. It's just going to make everything worse.

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You do have a habit of ignoring facts, and making shit up to fill your replies. Just ask any long term resident what they think if you don’t believe me.

If you don’t like being faced with my facts, just carry on making up your own dream world. I’m sure that unemployed Thais will prefere your version of reality, except, they are not as dumb and insolent as you.

Nothing to do with saving the world, it’s about changing your fake reality.

Attachment 57962


:smileylaughing:You bet your ass he is..

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Originally Posted by Switch

You do have a habit of ignoring facts, and making shit up to fill your replies. Just ask any long term resident what they think if you don’t believe me.

If you don’t like being faced with my facts, just carry on making up your own dream world. I’m sure that unemployed Thais will prefere your version of reality, except, they are not as dumb and insolent as you.

Nothing to do with saving the world, it’s about changing your fake reality.

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See ? Switch loved Covid-19. Because he is a Malthusian. The more people that starve the better according to him

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Originally Posted by Backspin

See ? Switch loved Covid-19. Because he is a Malthusian. The more people that starve the better according to him

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Link and quotes for proof or you are making shit up again. Keep digging dickhead.

When the banks start hurting from defaulting corporate loans and the barons themselves see their cash reserves dwindling as revenue evaporates then we might see a relaxation of the COVID regime but I should think this will not be as soon as folk would wish or have been hoping for. At present the economic pain of the masses has not yet manifested itself in popular protests which are not gaining much traction in urban areas or even the resorts other than the odd local chamber of commerce reminding the junta that it is in fact a disaster.


The Phuket economy is primarily tourist based and accounts for the majority of employment, principally in the provision of accommodation and services, the lion share of which is in hotels, homestays, guesthouses, restaurants, bars and beach amenities, and of course the supply and distribution of food, water etc. But one must not forget the infrastructural support services that provide the maintenance of utilities, the emergency and police forces, the local amphur administration, etc all of whom are to a considerable degree dependent upon the tourist income for their budgets.

14 million tourists visited Phuket last year but this figure has been wiped out this year and is likely to fall to less than 4 million comprising mostly domestic trade. 400,000 people are directly employed in tourism and over 80% of the economy is based exclusively on the tourism sector.

Essentially, another year of quarantine will reset the clock on the island back 20 years.

The real kicker is of course the runaway boom throughout Thailand in construction that has been fuelled by optimistic projections in revenue, most of which was funded by debt leveraged by the banks. A 10% contraction in the economy overall with up to a 70% collapse in the tourist trade slashing its GDP contribution from 15-16% to as low as 4-5% will require substantial subsidy by the government but in the end there will be defaults and profits right across the board including dividends will vanish.

The UK has estimated COVID will cost the economy over £600 billions in subsidies and welfare in one year alone. Obviously, Thailand will not ameliorate its losses to that degree but public expenditure will increase however it will not be investment but a band aid stuck on a bleeding artery.

Phuket is screwed.

Still, silver linings are there to be had and one could reasonably speculate that the baht will lose value as time passes.

^Though of course those holding sterling don't even have that silver lining.

Oh well, great news for turtles.

A friend who has a condo near Patong Beach tells me it is almost like a private beach now, hardly anyone there.
He says most of the businesses along the beach are closed, only street stalls to eat at as there are no restaurants open. Maybe they are not all counted as 'tourism businesses', he reckons it's closer to 100% closed there.

There is a live webcam I was looking at. Not a great deal of traffic going down the beach road.

Phuket Webcam (Updated) - Live Cameras on Phuket Island

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Originally Posted by Seekingasylum

When the banks start hurting from defaulting corporate loans and the barons themselves see their cash reserves dwindling as revenue evaporates then we might see a relaxation of the COVID regime but I should think this will not be as soon as folk would wish or have been hoping for. At present the economic pain of the masses has not yet manifested itself in popular protests which are not gaining much traction in urban areas or even the resorts other than the odd local chamber of commerce reminding the junta that it is in fact a disaster.


The Phuket economy is primarily tourist based and accounts for the majority of employment, principally in the provision of accommodation and services, the lion share of which is in hotels, homestays, guesthouses, restaurants, bars and beach amenities, and of course the supply and distribution of food, water etc. But one must not forget the infrastructural support services that provide the maintenance of utilities, the emergency and police forces, the local amphur administration, etc all of whom are to a considerable degree dependent upon the tourist income for their budgets.

14 million tourists visited Phuket last year but this figure has been wiped out this year and is likely to fall to less than 4 million comprising mostly domestic trade. 400,000 people are directly employed in tourism and over 80% of the economy is based exclusively on the tourism sector.

Essentially, another year of quarantine will reset the clock on the island back 20 years.

The real kicker is of course the runaway boom throughout Thailand in construction that has been fuelled by optimistic projections in revenue, most of which was funded by debt leveraged by the banks. A 10% contraction in the economy overall with up to a 70% collapse in the tourist trade slashing its GDP contribution from 15-16% to as low as 4-5% will require substantial subsidy by the government but in the end there will be defaults and profits right across the board including dividends will vanish.

The UK has estimated COVID will cost the economy over £600 billions in subsidies and welfare in one year alone. Obviously, Thailand will not ameliorate its losses to that degree but public expenditure will increase however it will not be investment but a band aid stuck on a bleeding artery.

Phuket is screwed.

Still, silver linings are there to be had and one could reasonably speculate that the baht will lose value as time passes.

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So what you are saying is that now is a good time to pick up a cheap condo in Phuket?

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Originally Posted by harrybarracuda

So what you are saying is that now is a good time to pick up a cheap condo in Phuket?

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snigger :rofl:

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Originally Posted by Backspin

you Malthusian

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Originally Posted by Backspin

Malthusian

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Here we go again . . . Skidmark's labelling.


Ok, let's hear it. How is Switch a 'Malthusian'?

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Originally Posted by panama hat

How is Switch a 'Malthusian'?

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I am happy to admit that I had never come across the term before. Now that I know what it is, I don't feel that my life was disadvantaged by the absence of that knowledge.

So how does Switch end up with this label? Has he suggested that a Malthusian catastrophe is desirable?

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Originally Posted by Shutree

I am happy to admit that I had never come across the term before. Now that I know what it is, I don't feel that my life was disadvantaged by the absence of that knowledge.

So how does Switch end up with this label? Has he suggested that a Malthusian catastrophe is desirable?

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Several people ended up with it after skidmark read it on someone's blog and rather stupidly thought that if he used it, people would think he was clever.

:rofl:

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Originally Posted by Shutree

I am happy to admit that I had never come across the term before. Now that I know what it is, I don't feel that my life was disadvantaged by the absence of that knowledge.

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It's actually an interesting theory, the Malthusian Check, based on population control. This was one of the first names we were confronted with in Economics at Uni.

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Originally Posted by Shutree

So how does Switch end up with this label? Has he suggested that a Malthusian catastrophe is desirable?

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Who knows . . . a typical Skidmark idiocy . . . as Harry so articulately puts it:

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Originally Posted by harrybarracuda

Several people ended up with it after skidmark read it on someone's blog and rather stupidly thought that if he used it, people would think he was clever.

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He really is a schmuck.

I case my rest.

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Originally Posted by harrybarracuda

So what you are saying is that now is a good time to pick up a cheap condo in Phuket?

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The problem is , that governments around the world are pritning money like mad, so there has hardly been an adjustment in financial assets at all.

So no. There isn't any particular deals out there. The only deals will be businesses. But that's a loss cause too because you never know when things will recover.

Some people will be in the right place at the right time and will pick up a bar here or restaurant there , and will be set for the next 30 years. And those ppl will go around saying now awesome they are fot pulling up their boot straps and making it

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Originally Posted by panama hat

Here we go again . . . Skidmark's labelling.


Ok, let's hear it. How is Switch a 'Malthusian'?

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He thinks Covid-19 is a good thing because it's killing economic activity. That's how.

He doesn't know what is causing this crony capitalist debauchery and isn't intellectually capable of figuring it out. So when Covid-19 comes and kills economic activity , he sees it as a bullwark against crony capitalism

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Originally Posted by Shutree

I am happy to admit that I had never come across the term before. Now that I know what it is, I don't feel that my life was disadvantaged by the absence of that knowledge.

So how does Switch end up with this label? Has he suggested that a Malthusian catastrophe is desirable?

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Throughout the forum he is cheering on Covid-19, as it ravages the tourism economy from Manila to Phuket. And the longer it is projected to go on , the more enthusiastic he gets. Maybe human activity will be killed off enough to let the forests take over again.

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Originally Posted by Backspin

Throughout the forum he is cheering on Covid-19, as it ravages the tourism economy from Manila to Phuket. And the longer it is projected to go on , the more enthusiastic he gets. Maybe human activity will be killed off enough to let the forests take over again.

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Still no proof of any of your wayward assertions about me? What a surprise.

Me pointing out that your favourite stalking holes are closed makes me an environmental happy clapper?
Quite how your mind works is a complete mystery to everyone, including you.

Dont worry too much Socal. If the lack of tourist flights and the resulting closure of tourism does improve the environment, it’s only temporary. Pollution will be back to near normal soon, maybe later this decade.

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Originally Posted by Backspin

Throughout the forum he is cheering on Covid-19

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Yea . . . nah . . . you'll have t do better than that and also explain the Malthusian angle. I've rehashed my knowledge about it and can't link it to your newest slogan.